By Ade Ogidan, Business Editor on January 13, 2016/The Guardian Nigeria Deposit Insurance Corporation (NDIC) has developed a framework for insuring liabilities on non-interest banking deposits in the country. The development was sequel to the successful take-off of the non interest banking in Nigeria, through the current initiatives of Ja’iz, […]
Tag: Central Bank of Nigeria
Naira crashes to 300 against dollar
January 13, 2016/Punch Monday’s stoppage of foreign exchange sales to Bureau De Change operators by the Central Bank of Nigeria failed to lift the naira on Tuesday as the currency exchanged for 300 against the United States dollar in Kano, 290 in Lagos and 292 in Abuja. Financial experts said […]
Naira hits 278 as dollar supply worsens
January 8, 2016 by Femi Asu, Punch The naira took further beating on Thursday at the parallel market, trading near its 2015 high of 280 against the United States dollar. The dollar was sold for N278 at the parallel market on Thursday, as against 273 on Wednesday and 267.5 on […]
